OMB’s slow-walking of CDFI funds is making the housing crisis worse
The Office of Management and Budget has prevented billions of dollars from flowing to community development financial institutions, preventing those funds from supporting housing development.
Banks are losing the fight for merchants’ business
Payment-focused fintechs are acquiring – and keeping – merchants’ business thanks to services such as fraud prevention, analytics financing and loyalty tools, according to Capgemini’s 2026 World Payments Report. If banks want to compete, they’ll need to change their game.
Goldman president criticizes barriers to migration amid H-1B row
Goldman Sachs Group Inc. President John Waldron criticized the growth of barriers to movement put up by countries around the world, amid rising concern among American firms about the Trump administration’s decision to charge $100,000 for a key type of visa.
Fed’s Barr “worried” about stress test changes for big banks
Federal Reserve Governor Michael Barr warned that subjecting the stress testing models to the notice and comment process could lead them to “ossify.”
First Merchants deal secures a Louisville beachhead
The $18.6 billion-asset Muncie, Indiana-based company agreed to pay $241 million in stock to acquire First Savings Financial Group and expand into the Southern end of the Hoosier state.
Coinbase is writing a protocol for agentic AI
The crypto company’s x402 Foundation will standardize transactions, making the company one of many technology firms working on standards for AI-powered commerce.
How banks can avoid the dangers of AI-generated ‘workslop’
In a Stanford University study, workers said receiving shoddy content from generative AI models creates almost two hours of extra work per incident.
HSBC claims quantum edge in bond market
In what they claimed was a “world first,” HSBC and IBM used a quantum computer to improve their price predictions on the European corporate bond market.
CDFIs get a reprieve. Sort of.
The CDFI Fund is updating definitions of eligible activity to be considered for the funds, including removing climate-focused financing and references to race and ethnicity.
Fed’s Schmid: monetary policy is “where it needs to be”
Federal Reserve Bank of Kansas City President Jeff Schmid said that the central bank should continue its focus on curbing inflation, as the job market is “largely in balance.”